Lucrum Group is excited to introduce an exceptional 4-unit mixed-use investment property, currently configured as 6 units, located at 11311 Burbank Blvd in the heart of the vibrant NoHo Arts District in North Hollywood, CA. Built in 1940, this two-story property spans ±3,130 square feet on a ±7,351-square-foot lot, zoned LAC2, and offers a unique blend of residential and commercial spaces. The building features a mix of one-bedroom units and a non-conforming commercial space, currently configured as a vacant one-bedroom, one-bath residence and a spacious two-bedroom, two-bath residence, presenting an ideal opportunity for conversion through the ADU program. Priced attractively at a 9.77 GRM, this investment delivers strong cash flow and excellent income potential. Tenant amenities further enhance the property’s appeal, featuring on-site laundry facilities, assigned parking spaces, and private gated rear yards for select units—fostering a comfortable and desirable living experience. The property’s major systems are in excellent condition, with recently upgraded electrical panels and no current issues reported, though buyers are advised to verify all details. Select units boast remodeled interiors, and all windows have been replaced with energy-efficient vinyl windows, while lower-level residences feature private rear yards for added tenant comfort. Strategically positioned in the thriving NoHo Arts District, this property offers both stability and growth potential. With ±23.8% rental upside potential, investors can enjoy immediate income while capitalizing on long-term value creation. The LAC2 zoning further enhances the opportunity, allowing for potential expansion or redevelopment, making this a compelling investment for those seeking a balance of immediate returns and future growth in one of Los Angeles’ most dynamic neighborhoods. Situated at 11311 Burbank Blvd., this property enjoys a prime position in the heart of the NoHo Arts District, a vibrant and culturally rich neighborhood in North Hollywood, CA. Known for its dynamic blend of artistic, commercial, and residential energy, the NoHo Arts District has emerged as one of Los Angeles’ most sought-after destinations for creatives, professionals, and investors alike. The property is strategically located along Burbank Boulevard, a bustling corridor that offers excellent visibility and accessibility, making it ideal for both residential tenants and potential commercial ventures. The NoHo Arts District is renowned for its thriving arts and entertainment scene, boasting over 20 professional theaters, art galleries, and performance spaces within a compact, walkable area. Residents and visitors are drawn to iconic venues like the El Portal Theatre, which hosts a variety of performances ranging from live theater to comedy shows. The neighborhood’s creative spirit is complemented by a diverse array of dining, shopping, and nightlife options, including trendy cafes, boutique eateries, and popular bars along Lankershim Boulevard, just minutes from the property. Accessibility is a key highlight, with the property located near major transportation hubs. The North Hollywood Metro Station, servicing the B Line (Red Line) and G Line (Orange Line), is less than a mile away, providing seamless connectivity to Downtown Los Angeles, Hollywood, and beyond. Major thoroughfares, including the 101 and 134 freeways, are easily accessible, ensuring convenient commutes across the Greater Los Angeles area. The property’s proximity to Burbank and Studio City further enhances its appeal, offering access to major studios, employment centers, and entertainment hubs like Universal Studios Hollywood. The surrounding neighborhood is a blend of urban convenience and community charm, with local parks like the North Hollywood Recreation Center and green spaces nearby, providing opportunities for outdoor activities. The area is also home to a growing number of creative businesses, recording studios, and production companies, fostering a dynamic economic environment that supports both residential and commercial growth. With its LAC2 zoning, the property is well-positioned to capitalize on the district’s ongoing development and revitalization, making it an attractive investment in a neighborhood poised for continued appreciation. Location Highlights + Vibrant NoHo Arts District: Located in the heart of the NoHo Arts District, known for its thriving arts scene with over 20 professional theaters, galleries, and performance spaces, fostering a creative and dynamic community atmosphere. + Prime Burbank Boulevard Address: Positioned along bustling Burbank Boulevard, offering excellent visibility and accessibility for both residential tenants and potential commercial ventures. + Proximity to Cultural Landmarks: Steps away from iconic venues like the El Portal Theatre, providing residents with easy access to live theater, comedy shows, and cultural events. + Exceptional Transit Connectivity: Less than a mile from the North Hollywood Metro Station (B Line and G Line), ensuring seamless travel to Downtown Los Angeles, Hollywood, and beyond, with easy access to the 101 and 134 freeways. + Diverse Dining and Entertainment: Surrounded by trendy cafes, boutique eateries, and vibrant nightlife options along nearby Lankershim Boulevard, catering to a variety of lifestyles and preferences. + Growth and Investment Potential: Situated in a neighborhood with growing creative businesses, proximity to major studios, and LAC2 zoning, ideal for capitalizing on the area’s ongoing development and economic vitality.